Netflix's nightmare on Wall Street (week in review)

Netflix subscribers are not happy with the video service, and they have let the company know it.

Subscribers deserted the company in droves last quarter after it raised prices on a popular subscription plan and spooked them with a now scuttled attempt to spin off DVD-by-mail operations. Overall, 800,000 customers fled the company in the quarter that ended September 30.

Wall Street treated Monday's news as a disaster. Netflix's share price plunged 35 percent on Tuesday to $77.37, knocking a cool $2 billion or so off its market cap. It has yet to recover. By comparison, Netflix's stock grazed $300 in July.